Happy Days Aren't Here yet ; Unemployment Is Much Higher Than Reports Claim
The Washington Times › August 09, 2009
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Summary
It's too early to be popping corks off champagne bottles to celebrate the end of the recession.
It was announced Friday that the unemployment rate declined slightly to 9.4 percent in July while just 247,000 additional jobs were lost. That has been greeted as good news. The New York Times claimed that July's unemployment numbers "suggested that the recession is near an end." Using the same words, the Wall Street Journal declared that the new data is "suggesting that the recession is near an end."See the full content of this document
Extract
Happy Days Aren't Here yet ; Unemployment Is Much Higher Than Reports Claim
But there is a simple reason why the unemployment rate improved while jobs were being lost ...
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